Baku. Yegane Lachinzade - APA-Economics. “Significant decline in price of energy carriers affected Azerbaijan’s economy. It resulted in increase of pressures on the national currency and devaluation, decline of personal, state and business incomesâ€, chairman of Board of Directors of the Financial Markets Supervision Authority Rufat Aslanli said at the seventh Azerbaijan International Insurance Forum (AIIF -2016).
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According to him, today’s reforms target restoration of previous prosperity: “As a whole, the reforms are conducted in four directions: 1) creation of sustainable macroeconomic environment. Central Bank, Finance Ministry and the Financial Markets Supervision Authority have formed a tandem. Today, all manat devaluation, inflation and macroeconomic indicators are in the framework managed by economic means; 2) formation of a business environment for decline of transaction costs of business; 3) access to investment and financial services in order stable macroeconomic situation to provide business activity and prosperity; 4) quick and effective legal reformsâ€.
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